GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
NZD/USD close to reach an offer zone
During the last few days, NZD/USD has been recovering from the broad-based weakness seen in the week, now consolidating gains slightly above the 50 SMA at H1 chart. As the pair already found resistance in the Fibonacci level of 50% at 0.6974, we could expect another leg higher towards the 61.8% Fibo zone at 0.6992, where the 200 SMA is located. If Kiwi touches such area, then we can expect a drop to test the 0.6841 level, where lies the Fibonacci level of -23.6%.
RSI indicator stays in the neutral territory.
Felipe Erazo
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USD/CAD is recovering
Last week, USD/CAD held above the strong daily support level.
Gold will continue to consolidate
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
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